New Norwegian hedge fund regulation will enter into effect on 1 July 2010

New Norwegian hedge fund regulation will enter into effect on 1 July 2010

The new Norwegian regulations on so-called special funds (non-UCITS funds, a category of funds including hedge funds) will enter into effect on 1 July this year.

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Exemption from procurement law – still some hurdles

Exemption from procurement law – still some hurdles

Currently the Norwegian oil and gas industry is subject to an EU-originating regime on public procurement. In a joint effort between the industry and Norwegian government, an application for exemption from the current regime with the aim of reducing red tape. The exemption application has met some hurdles, but most likely these will be overcome, although it is unclear when.

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